Lyft – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Wed, 04 Aug 2021 21:17:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Lyft – InfoStride News https://www.theinfostride.com 32 32 Lyft revenue grows 125% from last year https://www.theinfostride.com/lyft-revenue-grows-125-from-last-year/ https://www.theinfostride.com/lyft-revenue-grows-125-from-last-year/#respond Wed, 04 Aug 2021 21:17:34 +0000 https://www.theinfostride.com/?p=302938 Lyft reported second-quarter earnings on Tuesday, easily beating on both the top and bottom lines. The company also beat Wall Street expectations for active riders. Lyft stock was up around 1% in after-hours trading. Here are the key numbers: Loss per share: 5 cents vs 24 cents per share expected in a Refinitiv survey of analysts Revenue: $765 million vs [...]

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]]> https://www.theinfostride.com/lyft-revenue-grows-125-from-last-year/feed/ 0 Lyft brings back shared rides for first time since pandemic began https://www.theinfostride.com/lyft-brings-back-shared-rides-for-first-time-since-pandemic-began/ https://www.theinfostride.com/lyft-brings-back-shared-rides-for-first-time-since-pandemic-began/#respond Thu, 15 Jul 2021 21:43:24 +0000 https://www.theinfostride.com/?p=300861 Back in March 2020 everything changed; especially for ride-share companies like Lyft. But now things are coming back — slowly. With the COVID-19 pandemic shutting down U.S. cities by mid-March, ride-hailing services all but shriveled up. Lyft, and its main rival Uber, both eliminated the more budget-friendly ride option to carpool with a stranger or [...]

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]]> https://www.theinfostride.com/lyft-brings-back-shared-rides-for-first-time-since-pandemic-began/feed/ 0 Why many Uber, Lyft drivers aren’t coming back https://www.theinfostride.com/why-many-uber-lyft-drivers-arent-coming-back/ https://www.theinfostride.com/why-many-uber-lyft-drivers-arent-coming-back/#respond Thu, 08 Jul 2021 18:39:44 +0000 https://www.theinfostride.com/?p=300019 After a dramatic decline in traveling this past year, people are moving again. Yet, despite offering cash incentives, rideshare giants Uber and Lyft are still struggling to bring drivers back to full speed; leading to longer wait times for customers and soaring prices. Uber and Lyft have put millions into these efforts, but some former [...]

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]]> https://www.theinfostride.com/why-many-uber-lyft-drivers-arent-coming-back/feed/ 0 Lyft Announces This Week the Best for Ride Since Pandemic Lockdown https://www.theinfostride.com/lyft-announces-this-week-the-best-for-ride-since-pandemic-lockdown/ https://www.theinfostride.com/lyft-announces-this-week-the-best-for-ride-since-pandemic-lockdown/#respond Wed, 03 Mar 2021 21:17:55 +0000 https://www.theinfostride.com/?p=286418 Lyft is seeing a recovery in ridesharing sooner than it had expected. In a filing with the SEC Tuesday, the company said that improving trends will allow it to narrow losses in the current quarter by more than expected. Lyft now expects to manage its adjusted EBITDA loss in the first quarter to $135 million; [...]

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